MPC Caribbean Clean Energy Limited listed an additional 10,242,382 Class B ordinary shares on the Trinidad and Tobago Stock Exchange today.
The stocks will begin trading in that market come Monday, February 3, 2020.
The listing of the new shares increases shares traded by MPC to 21,666,542 Class B ordinary shares.
“These shares were listed pursuant to the 2 for 1 renounceable rights issues which were offered in Trinidad & Tobago and Jamaica,” the company stated.
As such, votes for holders of Class B ordinary shares are calculated at one vote for every two shares.
In a statement posted on the Jamaica Stock Exchange, MPC said it “will shortly be submitting its supplemental application for listing of the new Class B shares”.